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Shenyang Brilliance Automotive’s gross profit fell more than 50 per cent last year, partly because a truck-making joint venture with US vehicle maker General Motors failed to meet sales targets, Reuters reported. Jinbei GM Automotive began production of Chevrolet sports utility vehicles in the second half of last year and S-10 crew cab pickups late […]

Guangzhou Honda Automobile, the Chinese joint venture of Japanese carmaker Honda Motor, claimed to have sold 6,454 Accord model cars in China in the first two months of this year, giving it 35 per cent of the country’s luxury car market. This was up from 29 per cent in the same period last year. The […]

The long-delayed petrol station joint ventures between Sinopec and Shell, Exxon Mobil and BP are likely to be formally agreed later this year, South China Morning Post said, quoting a Sinopec spokesman. Sinopec struck preliminary agreements with the oil giants in 2000 to jointly establish 1,500 petrol stations – 500 with Shell in Jiangsu province, […]

The international engineering and construction group Kvaerner announced that it had been awarded contracts worth US$12m to develop the Panyu Field in the South China Sea. The main contract, awarded by the local subsidiary of China National Offshore Oil Company, is for engineering design and supply of critical process equipment for a new-build floating production […]

Shareholders of Shanghai Yaohua Pilkington Glass have approved a plan to buy technology from its UK partner Pilkington to enable it to produce glass for flat-panel display screens, reported Bloomberg. Yaohua Pilkington will pay US$18m for a licence from Pilkington to make glass in thicknesses between 0.4mm and 1.1mm for liquid crystal displays. The screens […]